New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1887-07-06
Good PROSPECTS, for Trade.

R. G. DUN e. Co., OF New York in their
weekly review OF trade on the 25th says:
The failure OF the Fidelity bank OF Cincin.
natl is the natural fruit OF the wheat cor
ner, but has disturbed business during the
past week quite extensively. The pros.
pect that depositors may recover nothing,
tn at more than eight other banks which
deposited there will have losses to bear
and that the fraudulent rehypothecation
OF collater for loans will entangle the
resources OF many who had nothing to do
with the wheat opera ton, makes the dis
turbance felt in many quarters. The
withdrawal OF funds from New York to
meet i'm mediate needs at the West has
caused temporary stringency here, which
spectators have magnifed, but foreign ex-
change is SO near the shipping point and
the supply OF unused funds abroad is SO
large that relief would come quickly il
needs here should become serious. More
over, large disbursements by the treasury
in July are now close at hand. In the half
yearly settlements, in the struggle to
liquidate enormous speculations, there
may be some pressure for money during the
remaining days OF June, At nearly all
other points money is reported in good
supply. General reports OF business at
nearly all points are highly encouraging,
and the increasing prospect OF good crops
adds to the prevailing confidence. Collec-
tions are generally fair to good, and the
volume of business good for the season.
At Racine, Wis, a sensation was caused
by the issuance by an ex,alderman and
pr ointment citizen OF so Invitations for
the celebration on the Both inst, of the
death of his wife. The lady died last
spring. It is reported that the man has
bought $50 worth OF fireworks to be used
in the celebration"
! One OF the best known young attorneys
OF Pierre, OAK. Thomas j. Wolfe, former
~ Of Sioux Falls, died after q few weeks
sickness. He leaves large fortune. The
body will be forwarded to Sheboyga Wis.
Hon. Freeman Clark died in Rochester,
n. Y, aged IS years. He was a representa-
tive in the Thrift eighth, Forty second and
Forty third congresses, and was appointed
in 1866 controller of the currency by Presi-
dent Lincoln.
The trial OF Chef Smith, the dramatic
agent who has been acting as q procurer
for the vile dens OF Hurley, Wis.,, reached
an ending in Chicago. Hewas found guilty,
! and sentenced to one year in the peniten.
tiary. The prosecution was conducted by
the humane society.
The period of grace gran ted DR.. McGlynn
OF New York has about expired, and he
has made no sign Of submission. It is
stated that the pope without further de-
lay formally excommunicate him.
Fire broke out in Gould & Curry mine
Nevada. AL the miners escaped with the
exception Of six employed on the fifteen
hundred level in the Best q Belcher mine.
Signals from them have ceased and it is
feared that they have persisted.
Miss Clara Foltz. known to fame as the
lady lawyer of the Pacific coast, has be-
come the editor OF the San Diego lCal.)
Daily Bee.
He was born in Greensburg. Westmoreland
county, Pa.
Judge Aaron Goorich died in st. Paul
recently. ssi
At St. Louis, the extensive chain and
hame mauufactory OF Misdorff Krein Il
Go. was burned. Loss, $50 900; Insurance.,
$40. 900.
The action of She United Stale authori-